Ubisoft 2014 Annual Report Download - page 136
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Financial statements
2014
131
24th plan
25th plan
26th plan
27th plan
TOTAL
Total number of shares granted
(1)
3,256,413
936,970
798,125
100,000
Start of exercise period
04/27/2012
10/19/2013
10/29/2014
May 2018
End of exercise period
04/26/2016
10/18/2017
10/28/2018
03/16/2019
Strike price of options
(1)
€6.77
€6.77
€6.37
€6.65
€9.54
€8.83
€11.92
France
World
France
World
France
World
France
Maturity (years)
5
5
5
5
Volatility
30%
30%
30%
30%
Risk-free interest rate
2.72%
0.35%
0.75%
0.50%
Estimated dividend rate
0%
0%
0%
0%
Annual turnover rate
5%
5%
5%
0%
Fair value of options after stock split
(1)
(€/share)
€1.85
€1.31
€1.79
€1.28
€1.98
€1.69
€2.90
France
World
France
World
France
World
France
Options at April 1, 2013
(1)
2,597,343
933,220
12,880,409
Options granted during the period
-
-
798,125
100,000
898,125
Options exercised during the period
265,931
41,250
-
-
954,339
Options cancelled during the period
58,967
11,750
-
-
2,964,567
Options outstanding at March 31, 2014
2,272,445
880,220
798,125
100,000
9,859,628
(1) Subscription number and price adjusted following the issuance of share subscription warrants on April 10, 2012
The average price of options exercised during the period was €5.957.
Purchase options
(1)
24th plan
Total number of shares granted
(2)
421,705
Start of exercise period
04/27/12
End of exercise period
04/26/16
Strike price of options
(2)
€6.770
Purchase options at April 1, 2013
(2)
403,816
Purchase options granted during the period
-
Number of purchase options exercised during the period
35,892
Purchase options granted during the period
4,565
Purchase options outstanding at March 31, 2014
363,359
(1)
417,000 subscription options (of the 3,220,748 options granted) changed into purchase options following a decision
made by the Board of Directors on March 9, 2012
(2)
Subscription number and price adjusted following the issuance of share subscription warrants on April 10, 2012
Bonus share grants settled in cash
In the first half of the 2012/2013 financial year, Ubisoft decided to give its employees free shares
settled in cash, assessed in terms of changes in the value of the share on Euronext Paris and
contingent upon attendance and performance conditions.